Why did polyacrylamide prices fluctuate in Germany?

In Germany, a key market player, PAM prices fluctuated throughout the quarter, influenced by sufficient stock levels, shifting demand from related sectors, and changing global market conditions. This analysis can be extended to include detailed polyacrylamide price information for a comprehensive list of countries.

What is IMARC's new polyacrylamide pricing report 2024?

IMARC’s newly published report, titled “ Polyacrylamide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyacrylamide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Why did polyacrylamide prices rise in H1 2023?

Polyacrylamide prices in Europe stayed on an inclining trajectory in H1 2023. As the demand from water treatment plants was on the rise, the prices increased in the market. For the European market, expensive imports from China hiked the prices further. As polyacrylamide consumption increased across the globe, manufacturers raised their quotations.

What is the global polyacrylamide market size?

The global polyacrylamide market size reached US$ 5.5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 8.9 Billion, at a projected CAGR of 5.30% during 2023-2032. There is an increase in the employment of polyacrylamide in the cosmetics sector to stabilize products and bind ingredients.

Why did the polyacrylamide market decline in Q4 2023?

Although demand was reduced, lower feedstock costs helped maintain stable manufacturing expenses. The price trend for polyacrylamide in China for Q4 2023, reached 1135 USD/MT in December. The market faced a decline in the final quarter of 2023 due to oversupply and weakened demand from major industries like water treatment and oil & gas.

What is polyacrylamide used for?

Polyacrylamide is widely used in enhanced oil recovery (EOR) techniques to improve oil extraction efficiency. It serves as a fracturing fluid additive, and its function is to open the passage of rocks and allow oil to flow through. Polyacrylamide is also becoming increasingly popular in the water treatment processes.